Safety Milestone Achieved
K92 Mining reported no lost time injuries in Q2 2025, marking 8 consecutive LTI-free quarters despite an increase in man hours due to Stage 3 expansion.
Significant Local Economic Impact
K92 contributed $62.6 million in taxes and royalties to Papua New Guinea in 2024, a 134% increase over 2023. Corporate tax contributions in 2025 have already surpassed 2024 with $70 million paid by July.
Record Financial Metrics
K92 reported a quarterly revenue of $96.3 million in Q2 2025, a 102% increase from the prior year, and a record cash balance of $182.9 million.
Gold Equivalent Production Increase
Gold equivalent production increased by 43% from Q2 2024, with K92 producing 34,816 ounces of gold equivalent in Q2 2025.
Successful Stage 3 Expansion Milestones
The Stage 3 expansion process plant commissioning commenced in June 2025, with 87% of growth capital spent or committed, and remains on budget.
Improved Cost Metrics
Cash costs per ounce decreased to $786 from $919 in Q2 2024, and all-in sustaining costs fell to $1,408 per ounce from $1,510 in the prior year.